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Tuesday, May 8, 2012

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DailyFX Delivered To You: DailyFX For Beginners Article

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Please see below for today's DailyFX For Beginners article:

  • Divergence Established After New GBPAUD High
    The GBPAUD has recently rallied 207 pips to form new 2012 highs. As traditional divergence forms using the MACD indicator, traders look for a potential top on the pair.
  • Maintained Momentum Builds EURJPY Weakness
    The EURJPY has declined 320 pips lower over the last six trading sessions. By assigning blocks to price action, traders can judge if momentum is set to continue into next weeks trading.

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